Address
110 Riverside Drive Penticton, BC
Price
$ 5,900,000
Property Attributes
  • ID#10241463
  • TypeCommercial
  • CityPenticton
  • NeighbourhoodMain North
  • Postal CodeV2A 5Y4
  • StyleMotel
  • Price$ 5,900,000
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
  • Lot Size1.26 Acres
Listing Provided Courtesy Of:
RE/MAX Kelowna
Data Source:
Canadian Real Estate Association
Property Description

I am pleased to offer the Riverside Motel, a family favorite in the Penticton accommodation scene. There are 48 units in total, with 45 being kitchen units. The current owner operates seasonally so there is plenty of opportunity to operate year around catering to snowbirds! The Riverside Motel has an amazing location! Within steps of the Okanagan Lake, Channel Parkway, Coyote Cruises River Tubing, Loco Landing Adventure Park, guests won't run out of things to do! Local shops such as Starbucks, Tim Hortons, Quality Greens are nearby. Lakeshore Drive is just around the corner, with over a kilometer of beautiful safe sandy beaches and fabulous restaurants to enjoy. This is a great opportunity to buy and hold or potentially redevelop! The current owner and only the third owner since the mid-1960s! (id:7434)

General Features

Ammenities Recreation, Shopping, Park
Building Type Recreational
Business Sub Type Motel
Business Type Accommodation
Community Features High Traffic Area
Features Central location, Corner Site, Visual exposure
More Information Link https://www.realtor.ca/real-estate/23727391/110-riverside-drive-penticton-main-north
Neighbourhood Main North
Ownership Type Freehold
Property Type Hospitality

Interior Features

Building Fireplace Present False
Building Heating Type Baseboard heaters

Exterior Features

Building Roof Material Tar & gravel
Building Roof Style Conventional
Land Amenities Recreation, Shopping, Park
Sewer Municipal sewage system

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in V2A 5Y4

Price
AVG $5.9M
$5.9M
Visits
AVG 60
5
Year Built
AVG 1964
1964
Walkscore
AVG 30
30
Data Provided by Walkscore ® not using MLS data